North America Warehouse Automation Market Size, Share & Trends Analysis Report By Component (Hardware, Software and Services), By Level, By Application, By Country and Growth Forecast, 2024 - 2031
The North America Warehouse Automation Market would witness market growth of 17.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Warehouse Automation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $16,575.9 million by 2031. The Canada market is experiencing a CAGR of 19.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 18.7% during (2024 - 2031).
Adopting warehouse automation technologies has been expedited as businesses have come to appreciate the advantages of enhanced efficiency, reduced operational costs, and enhanced accuracy. Companies increasingly view warehouse automation as a strategic investment rather than a short-term expense.
Additionally, this shift is driven by the potential for significant long-term returns on investment (ROI) through cost savings, increased efficiency, and improved accuracy. Organizations are adopting automation technologies to replace outdated systems and processes. Upgrading to advanced automation solutions helps companies stay competitive and meet the demands of modern supply chains.
The surge in online retail activities in Mexico drives the demand for efficient warehouse operations. Automated warehouses help manage the increasing volume of orders, improving order accuracy and speed in response to higher online shopping rates. According to the International Trade Administration (ITA), the domestic e-commerce industry was valued at USD 26.2 billion in 2022, representing a 23 percent increase over 2021. Mexico’s e-commerce sector value will reach USD 70.4 billion by 2027. Major e-commerce players, both local and international, are investing in large-scale fulfillment centers in Mexico. These centers leverage warehouse automation to handle high order volumes and streamline operations, reducing processing times and costs.
Based on Component, the market is segmented into Hardware (Autonomous Robots (AGV, AMR), Automated Sorting Systems, Automated Storage & Retrieval Systems (AS/RS), De-palletizing/Palletizing Systems, Conveyor Systems, and Automatic Identification & Data Collection (AIDC)), Software (Warehouse Management System (WMS), Warehouse Execution Systems (WES), and Labor Management Systems (LMS)), and Services (Installation & Integration, Consulting, Training & Education, Maintenance & Support, and Analytics & Reporting Tools). Based on Level, the market is segmented into Intermediate Automation, Basic Automation, Advanced Automation, and Autonomous Warehouses. Based on Application, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Healthcare, Electronics & Semiconductors, and Other Applications. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Honeywell International, Inc.
- Murata Machinery, Ltd.
- Knapp AG
- ABB Group
- FANUC Corporation
- Kuka AG (Midea Group Co., Ltd.)
- Jungheinrich AG
- KION GROUP AG
- Daifuku Co., Limited
- Omron Corporation
By Component
- Hardware
- Autonomous Robots (AGV, AMR)
- Automated Sorting Systems
- Automated Storage & Retrieval Systems (AS/RS)
- De-palletizing/Palletizing Systems
- Conveyor Systems
- Automatic Identification & Data Collection (AIDC)
- Software
- Warehouse Management System (WMS)
- Warehouse Execution Systems (WES)
- Labor Management Systems (LMS)
- Services
- Installation & Integration
- Consulting, Training & Education
- Maintenance & Support
- Analytics & Reporting Tools
- Intermediate Automation
- Basic Automation
- Advanced Automation
- Autonomous Warehouses
- Retail & E-commerce
- Automotive
- Aerospace & Defense
- Healthcare
- Electronics & Semiconductors
- Other Applications
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Warehouse Automation Market, by Component
- 1.4.2 North America Warehouse Automation Market, by Level
- 1.4.3 North America Warehouse Automation Market, by Application
- 1.4.4 North America Warehouse Automation Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansions
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Aug – 2024, Jun) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Warehouse Automation Market by Component
- 5.1 North America Hardware Market by Country
- 5.2 North America Warehouse Automation Market by Hardware Type
- 5.2.1 North America Autonomous Robots (AGV, AMR) Market by Country
- 5.2.2 North America Automated Sorting Systems Market by Country
- 5.2.3 North America Automated Storage & Retrieval Systems (AS/RS) Market by Country
- 5.2.4 North America De-palletizing/Palletizing Systems Market by Country
- 5.2.5 North America Conveyor Systems Market by Country
- 5.2.6 North America Automatic Identification & Data Collection (AIDC) Market by Country
- 5.3 North America Software Market by Country
- 5.4 North America Warehouse Automation Market by Software Type
- 5.4.1 North America Warehouse Management System (WMS) Market by Country
- 5.4.2 North America Warehouse Execution Systems (WES) Market by Country
- 5.4.3 North America Labor Management Systems (LMS) Market by Country
- 5.5 North America Services Market by Country
- 5.6 North America Warehouse Automation Market by Services Type
- 5.6.1 North America Installation & Integration Market by Country
- 5.6.2 North America Consulting, Training & Education Market by Country
- 5.6.3 North America Maintenance & Support Market by Country
- 5.6.4 North America Analytics & Reporting Tools Market by Country
- Chapter 6. North America Warehouse Automation Market by Level
- 6.1 North America Intermediate Automation Market by Country
- 6.2 North America Basic Automation Market by Country
- 6.3 North America Advanced Automation Market by Country
- 6.4 North America Autonomous Warehouses Market by Country
- Chapter 7. North America Warehouse Automation Market by Application
- 7.1 North America Retail & E-commerce Market by Country
- 7.2 North America Automotive Market by Country
- 7.3 North America Aerospace & Defense Market by Country
- 7.4 North America Healthcare Market by Country
- 7.5 North America Electronics & Semiconductors Market by Country
- 7.6 North America Other Applications Market by Country
- Chapter 8. North America Warehouse Automation Market by Country
- 8.1 US Warehouse Automation Market
- 8.1.1 US Warehouse Automation Market by Component
- 8.1.1.1 US Warehouse Automation Market by Hardware Type
- 8.1.1.2 US Warehouse Automation Market by Software Type
- 8.1.1.3 US Warehouse Automation Market by Services Type
- 8.1.2 US Warehouse Automation Market by Level
- 8.1.3 US Warehouse Automation Market by Application
- 8.2 Canada Warehouse Automation Market
- 8.2.1 Canada Warehouse Automation Market by Component
- 8.2.1.1 Canada Warehouse Automation Market by Hardware Type
- 8.2.1.2 Canada Warehouse Automation Market by Software Type
- 8.2.1.3 Canada Warehouse Automation Market by Services Type
- 8.2.2 Canada Warehouse Automation Market by Level
- 8.2.3 Canada Warehouse Automation Market by Application
- 8.3 Mexico Warehouse Automation Market
- 8.3.1 Mexico Warehouse Automation Market by Component
- 8.3.1.1 Mexico Warehouse Automation Market by Hardware Type
- 8.3.1.2 Mexico Warehouse Automation Market by Software Type
- 8.3.1.3 Mexico Warehouse Automation Market by Services Type
- 8.3.2 Mexico Warehouse Automation Market by Level
- 8.3.3 Mexico Warehouse Automation Market by Application
- 8.4 Rest of North America Warehouse Automation Market
- 8.4.1 Rest of North America Warehouse Automation Market by Component
- 8.4.1.1 Rest of North America Warehouse Automation Market by Hardware Type
- 8.4.1.2 Rest of North America Warehouse Automation Market by Software Type
- 8.4.1.3 Rest of North America Warehouse Automation Market by Services Type
- 8.4.2 Rest of North America Warehouse Automation Market by Level
- 8.4.3 Rest of North America Warehouse Automation Market by Application
- Chapter 9. Company Profiles
- 9.1 Honeywell International, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Murata Machinery, Ltd.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Recent strategies and developments:
- 9.2.4.1 Product Launches and Product Expansions:
- 9.2.5 SWOT Analysis
- 9.3 Knapp AG
- 9.3.1 Company Overview
- 9.3.2 Recent strategies and developments:
- 9.3.2.1 Partnerships, Collaborations, and Agreements:
- 9.4 ABB Group
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.5.2 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 FANUC Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Recent strategies and developments:
- 9.5.4.1 Partnerships, Collaborations, and Agreements:
- 9.5.4.2 Product Launches and Product Expansions:
- 9.5.4.3 Geographical Expansions:
- 9.5.5 SWOT Analysis
- 9.6 Kuka AG (Midea Group Co., Ltd.)
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Jungheinrich AG
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Recent strategies and developments:
- 9.7.4.1 Product Launches and Product Expansions:
- 9.7.4.2 Acquisition and Mergers:
- 9.8 KION GROUP AG
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 Daifuku Co., Limited
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 SWOT Analysis
- 9.10. Omron Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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